Hungary orders comprehensive audit of tech group 4iG

Hungary’s Tisza administration has issued a decree launching a comprehensive investigation into all state contracts, ownership ties, and financial transactions involving technology and defense conglomerate 4iG. The government simultaneously imposed a communication ban on public officials regarding the firm.

The probe coincides with an announcement by Science and Technology Minister Zoltán Tanács that Hungary will invest €500 million in the European Union’s IRIS² satellite constellation. While the government remains committed to expanding its space infrastructure, officials are re-evaluating whether 4iG will retain its substantial state orders.

4iG, which expanded rapidly in telecommunications and defense under the previous administration, responded cautiously to political shifts, stating that it views the state as a "partner."

Sources: 444, HVG, Telex.